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CABORCA, Mexico, February 1st, 2021 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that it continues to work the Mexus III area at its Santa Elena mine producing a detachment structure mineral with abundant sericite and oxide filled boxwork averaging 1.02 g/t Au. There are areas with higher grade zones where the silica content is noted often with visible gold. Argonauts 2015 limited drilling program intercepted this zone from 32 to 45 meters in depth with an average grade of 1.05 g/t Au. The Vein 2 area has been drilled for blasting and sampled with average values of 2.3 g/t Au. One initial blast of 250 holes drilled to 6 meters is expected to produce approximately 15,000 to 20,000 tons of mineralized material. All documents for the blasting permit are now completed and have been sent to SEDENA, the Mexican department in charge of permit issuance. Receipt of the approved permit is expected soon which will allow for continuing production in this area. The Julio vein area is also being prepared for blasting with the removal of overburden and the building of access roads to the exposed quartz vein areas. The new Vein 3 area is also being prepared for blasting as it contains exposed quartz vein material similar to Vein 2 in quality and quantities.
About 2000 tons of Mexus III mineralized material with a 1 g/t Au average has been hauled to the crushing plant. The material is being crushed and laid on section 2 of the heap leach pad. As this section is leaching additional crushing will continue with mineralized material being placed on section 1 of the pad allowing for continuous production, continuous carbon absorption processing, and dore production.
The two leach pad sections are using 80 to 100 gpm of solution and is being processed as the gold-silver values start to return to the pregnant pond. Mexus is achieving 30% recoveries in the first week of leaching raising to 70 to 80% in the following weeks. This continued leaching will give Mexus the metallurgical information to adjust and refine the mineral processing system being used.
Mexus’ Mabel Project, located in Northern Mexico, is currently being reviewed with information recently revised and updated by a potential partner. The purpose of the review is to calculate and update Measured Reserves. In 2011, the original owner of the property estimated 45,000 ounces of gold in a near surface quartz bearing mineral deposit which reflected only 5% of the total project. This property shows high evidence of a potential copper porphyry as well.
“I want to remind our shareholders that gold sales, as stated in prior press releases, has occurred and that additional sales are forthcoming. In addition, investors should expect to see a steady increase in the amount of gold being processed, recovered, and sold as we move forward.” added Mexus CEO Paul Thompson.
CABORCA, Mexico, February 4th, 2020 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that gold production at its Santa Elena mine continues with excellent results. The heap leach pad continues to return gold to the pregnant pond at an average grade of .33gpt in solution. The company is seeing normal fluctuations in the tail readings but are optimistic and excited as these readings aren’t dipping as much as expected. Cesar Lemas, Mexus geologist, and his crew are reporting seeing visible gold in certain material being placed on the heap leach pad. It is the company’s belief that this high-grade material is taking longer to leach but leading to a consistent higher average return to the pond. Leach pad flow and recovery flows have now balanced to allow Mexus to process continuously 7 days a week.
CABORCA, Mexico, January 24, 2020 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that it has and will continue to produce gold from its recently updated gold recovery system. The gold recovery system was started on January 16th and has produced 22 oz Au.
First samples of 22 oz Au recovered from the Julio Vein
sampling of gold recovered from Julio Vein
CABORCA, Mexico, January 21, 2020 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced its plan for the coming year and gave an update on its various projects and holdings located throughout Mexico. On January 7th the company began mining on the Julio vein/shear zone via a 300 x 20 meter open pit at its Santa Elena mine. This area had been blasted during the first week of January. Approximately 4500 tons of mineralized material has been mined to date with 3000 tons having been run through the crushing circuit. The resulting ¾” minus material was placed on the heap leach pad with leaching resuming on January 13th. Assays of the head material have shown 4 g/t Au and 9 g/t Ag with some areas testing as high as 16 g/t Au. The Julio material was added to 12,000 tons of Lucky Strike mineralized material which averages 1.2 g/t Au. Solution from the heap leach started returning to the pregnant pond January 15th showing a grade of .35 g/t Au of pregnant solution. The flow and returns have continued to increase with recent readings showing .45 g/t Au per ton of solution. On January 17th the company started processing the pregnant solution at a rate of 1 ton of solution per 2 minutes through the Merrill Crowe and activated carbon gold recovery systems. The use of both systems will ensure maximum recovery. Since January 17th the company has recovered 15 oz. of gold. Recovery will increase as the size of the heap pad grows allowing for additional solution to be run through the system.
Mexus President Paul Thompson along with Cesar Lemas have decided to seek a joint venture for its Mabel property. Discussions have already started and could include a drilling program with options to purchase. Any deal will include Mexus retaining a royalty from mining operations. The Mabel project is located 52 kms SW from Nogales, Sonora, Mexico. Mexus Gold US concessions total 2128 located in two clusters. There has been directed geology, geochemisty and geophysics exploration work in the area since 2002 with 611 holes drilled in 6 drilling campaigns. Approximately 1,300,000 tons are estimated in the narrow grid drilling area with an average of 0.7 g/t Au and 23 g/t Ag including 240,000 tons of 1.9 g/t Au equivalent.
Mexus, along with partner Elias Felix, have also made the decision to seek a joint venture for its Ures project. The 10,000 acre concession is located near Hermosillo, Mexico. The Scorpio concession is believed to be a copper porphyry system and will need to be drilled to confirm. High grade silver has been found at the 8 Brothers concession and will also need to be drilled to confirm the preliminary findings. A joint venture agreement for these concessions will include the company retaining a mining royalty.
Mexus President Paul Thompson added “With the Santa Elena operation expanding we feel that the fastest and most profitable way to return shareholder value is to find partners for our other properties. My goal is to have all 3 properties either producing or being drilled to a proven resource.”
CABORCA, Mexico, December 16th, 2019 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) confirmed that the company has satisfied two loan agreements which were coming due. The company met these obligations through the limited sale of gold and support of its shareholder base.
In addition, the company seeks to update investors on progress at its Santa Elena mine. Mexus has all the necessary equipment in place from the crushing circuit, pregnant and bearing ponds, and the recovery plant to expand to a 24 hour a day continuous operation. Currently, the company is running 8 to 10 hours a day. The company doesn’t have the funds necessary to hire additional crew which would allow it to run all aspects of the mine continuously. Mexus President Paul Thompson is looking to move the Santa Elena project into a major gold producing mine but is in need of funds to accomplish this goal. The company plans on obtaining the necessary funds by selling a portion of its non-producing properties, selling equipment not needed at the mine site and/or funding from its shareholder base. Mexus is also considering selling a small royalty interest in the Santa Elena mine. Recovery from a continuous operation should yield .35 per ton solution recovery and produce 11oz Au in a 24-hour cycle at current recovery rates. Recent tests of mineralized material from the Lucky Strike pit have shown recovery from .35 to .44 Au per ton of solution. Mexus will look to add the higher-grade material from the Julio quartz vein and adjacent shear zone. The blasting necessary for this material will occur once funds are available but should increase the net recovery per ton of solution as this material has been assayed averaging 4 gpt Au and 9 gpt Ag.
“I want to assure shareholders that Mexus employees are working hard and producing gold. We will continue working at the current production rate and build out to a 24-hour continuous mine operation as gold sales and/or additional funds become available. I would like to thank our shareholders for their continued support and wish everyone Happy Holidays.”
CABORCA, Mexico, November 4th, 2019 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced its new 500GPM Merrill Crowe gold recovery plant is complete and operational. The plant is capable of handling Mexus’ 3000 ton a week mining operation and will allow for future expansion as well.
Mining has begun on the newly named Lucky Strike pit at the company’s Santa Elena mine in Caborca, MX. The company decided to name this new area the Lucky Strike as it continues to reveal excellent values and is growing in size. Mexus Gold Mining SA De Cv geologist, Cesar Lemas, is pleased with the results and expansion of the discovery. Mexus has performed two 100meter core drills and have added that information to results of an additional hole drilled by Argonaut Gold. All three holes have shown excellent values to depth with average assays of 1.2 g/t Au. The Lucky Strike area is easily mined with the use of a CAT D8 and is located only .5 Km from the company’s crushing circuit. Mexus is now capable of running the crushing circuit and placing crushed material onto the heap leach pad at a rate of 100 tons per hour. Leaching is set to be restarted the week of November 4th with recoverable gold returning within 12 days. The Lucky Strike is easier to mine without the need for blasting which is required on the Julio vein. Mexus will expand and mine the Julio vein as revenues grow.
Mexus expects its all-in costs to run $437 per ounce Au. This projection is based on a gold spot price of $1500 an oz. and silver spot price at $18 an oz. with a recovery of .5 g/t Au. Mexus CEO and President, Paul Thompson Sr., added “Our initial expectation for recovery is a great starting point but we are striving towards a much higher rate using our new and improved methods of recovery.”
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CABORCA, Mexico, September 23nd, 2019 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) released an update on production at its Santa Elena mine located in Caborca, Mexico. All systems are working properly but the company has reached capacity with the Merrill Crowe gold recovery plant currently in use. The plant is running at 30gpm and producing 3oz of gold per day. Mexus is moving a new plant from its Walnut Grove, CA office which will have the ability to run up to 500gpm. The new equipment is expected to be operational in October. “We will continue to run the plant at its current capacity until the new system is up and running. We are producing gold which was the initial goal but the new plant will allow us to reach our long term production goals.” added Mexus CEO Paul Thompson Sr.
Mexus will be releasing a video showing all parts of the current operation to its website. The video can be found at www.mexusgoldus.com.
| September 13, 2019 2:00 AM * Mexus Gold US(MXSG) Mexus makes initial sale of gold from production at Santa Elena mine
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CABORCA, Mexico, Sept. 13, 2019 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company") announced that on September 12th, 2019 the company negotiated and sold its first gold from production at its Santa Elena mine. The sale was based at a 2% discount from today’s spot price per oz. The sale of gold completes the gold production cycle for Mexus and confirms that the company is now in full production. Mexus intends to notify its shareholders of additional production in the upcoming weeks which will show a steady and sustainable increase in gold recovery. Mexus CEO Paul Thompson Sr. added, “This is a monumental and important step for Mexus as it shows we are capable of recovering gold at the Santa Elena mine. I will continue to take steps towards making Mexus a major gold producing company.” About Mexus Gold US |
CABORCA, Mexico, August 26th, 2019 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) is pleased to announce that it has commenced leaching on an estimated 5000 tons of mineralized material that has been placed on the mines heap leach pad at a rate of 200 M3 daily. Optimal grade of the material content of 3 to 4 ppm gold is expected to flow from the pad and stabilize within a week. The Merrill Crowe Zinc Precipitation gold recovery plant should operate at 60 M3 per day, with expected production of 5 to 8 ounces of recovered gold production per day, culminating in continuous positive revenue generation.
Mineralized material is being mined and hauled to the crushing circuit at a rate of 3000 tons per week. The material has been tested and is returning values as high as 1.76 Oz. per ton gold. Additional processes are being reviewed to determine how best to handle this high-grade material.
“We are excited with the results we are seeing daily at the Santa Elena mine. Our mine staff has done a great job bringing all parts of the gold recovery system online at a steady yet productive rate. I expect our shareholders to be pleased as this hard work pays off with consistent increases in production and gold recovery.” added Mexus CEO, Paul Thompson Sr.
CABORCA, Mexico, August 12th, 2019 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that on July 30th the company poured gold at its Santa Elena mine. The pour completed all necessary testing for the mine including mining, crushing, leaching, gold recovery and gold sales with minor adjustments to the flux smelting formula. Mexus is now ready to run at maximum capacity. The company has added additional ore to complete the 4000 ton heap leach pad with a 2.8 gram per ton Au average including material recently assayed. (see link) Leaching is expected to start by August 14th with significant gold recovery to occur by September 1st.
Assay of material being placed on heap leach pad
Gold dore from initial gold production at Santa Elena mine
Gold produced at the Santa Elena mine
About Mexus Gold US
Mexus Gold US is an American based mining company with holdings in Mexico. The fully owned Santa Elena mine is located 54km NW of Caborca, Mexico. Mexus also owns rights to the Ures property located 80km N of Hermosillo, Mexico. This property contains 6900 acres and has both gold and copper on the property. Founded in 2009, Mexus Gold US is committed to protecting the environment, mine safety and employing members of the communities in which it operates.
For more information on Mexus Gold US, visit www.mexusgoldus.com.
Mexus Gold US (775) 721-9960
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CABORCA, Mexico, August 5th, 2019 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) is pleased to announce that it has poured gold at its Santa Elena mine. The company recovered gold from its first heap leach pad using its Merrill Crowe gold recovery system. The remaining precipitate smelting is expected to take 5 days. “This is a monumental moment for Mexus. It has taken years with many ups and downs but through hard work and the dedication of our staff we’ve been able to meet this long sought-after goal. Mexus looks forward to building out the Santa Elena mine.” added Mexus CEO, Paul Thompson Sr.
Mexus continues to mine and crush ore for the 2nd lift on heap leach pad #1. The company expects to stay ahead of mining fresh ore for the pad allowing for uninterrupted leaching and gold recovery.
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CABORCA, Mexico, July 29th, 2019 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) is again pleased and excited to announce positive progress at its solely owned and operated Santa Elena mine. Mexus has sufficient values returning to the pregnant pond from the heap leach pad that on July 27th it began running its Merrill Crowe gold recovery plant. The resulting precipitate will be smelted to gold dore in the near future. Mexus’ #2 heap leach pad is being readied and is to be loaded with higher grade ore with leaching commencing on August 4th. This will mark the start of continuous production for Mexus Gold.
Mexus Gold US President, Paul Thompson Sr., added “Our plan is stay focused on processing the Julio vein and adjacent shear zone and expand the company with revenue from the sale of precious metals.”
About Mexus Gold US
Mexus Gold US is an American based mining company with holdings in Mexico. The fully owned Santa Elena mine is located 54km NW of Caborca, Mexico. Mexus also owns rights to the Ures property located 80km N of Hermosillo, Mexico. This property contains 6900 acres and has both gold and copper on the property. Founded in 2009, Mexus Gold US is committed to protecting the environment, mine safety and employing members of the communities in which it operates.
For more information on Mexus Gold US, visit www.mexusgoldus.com.
Mexus Gold US (775) 721-9960
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CABORCA, Mexico, July 24, 2019 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) is pleased to inform its shareholders that on July 18th the company satisfied a $105,000 loan commitment on time.
In addition, the company announced that the 2500 ton leach pad at its Santa Elena mine is returning solution to the holding pond. Mexus has pumped 500 M3 of solution to the heap pad with 500 PPM NACN maintaining a Ph of 11.0 and a return flow of 350 M3. testing at 1.1 Au to start. It is expected to accumulate 5 to 7 oz. the first week with leaching continuing until the return solution stabilizes. Mexus will be adding new ore to the pad with the Merrill Crow gold recovery system running weekly to keep up with production.
About Mexus Gold US
Mexus Gold US is an American based mining company with holdings in Mexico. The fully owned Santa Elena mine is located 54km NW of Caborca, Mexico. Mexus also owns rights to the Ures property located 80km N of Hermosillo, Mexico. This property contains 6900 acres and has both gold and copper on the property. Founded in 2009, Mexus Gold US is committed to protecting the environment, mine safety and employing members of the communities in which it operates.
For more information on Mexus Gold US, visit www.mexusgoldus.com.
Mexus Gold US (775) 721-9960
CABORCA, Mexico, June 24th, 2019 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that all the necessary preparation to begin cyanide leaching at the Santa Elena mine is now complete. Mexus head metallurgist, Roberto Baltierrez, completed lab testing of the recently prepared heap leach pad and has formulated a gold/silver recovery plan. The initial material being leached is existing shear zone lower grade material averaging 1.8 g/t gold and 8 g/t silver. This material was mined while the Julio vein was being drilled and prepped for blasting. (Julio vein ore material is averaging 4 g/t gold and 12 g/t silver.)
Once started, leaching will be continuous with new ore being added weekly at the higher grades noted. This continued production will give Mexus the necessary cash flow to increase and improve production without incurring additional debt. The projection is for Mexus to be mining 3500 tons per week of the higher-grade Julio Vein ore by September 2019. “With 1 g/t gold recovery we hope to produce 5,800 oz. gold and 35,000 oz. silver. The Julio vein ore is expected to produce a much higher yield of gold and silver which would substantially increase these figures.” added Mexus CEO Paul Thompson.
About Mexus Gold US
Mexus Gold US is an American based mining company with holdings in Mexico. The fully owned Santa Elena mine is located 54km NW of Caborca, Mexico. Mexus also owns rights to the Ures property located 80km N of Hermosillo, Mexico. This property contains 6900 acres and has both gold and copper on the property. Founded in 2009, Mexus Gold US is committed to protecting the environment, mine safety and employing members of the communities in which it operates.
For more information on Mexus Gold US, visit www.mexusgoldus.com.
Mexus Gold US (775) 721-9960
CABORCA, Mexico, May 06, 2019 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that it has begun blast hole drilling on the Julio vein system and the adjacent shear zone in preparation for blasting. This initial drilling should be completed the week of May 13th with the resulting blast producing the ore necessary to start steady production. The material being drilled has been sampled and is averaging 4 grams per ton Au and 12 grams per ton Ag.
Mexus currently has over 12,000 tons of ore stockpiled and ready to mine which was a result of the preparation of the pit on the Julio vein. This material is being crushed and placed on the pad now. The recent progress is further proof that the company is steadily transitioning from an exploration company to a producing miner.
New photos added to Mexus website
CABORCA, Mexico, April 22, 2019 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that its ore crushing circuit is now fully operational. The mine crew will be running the circuit daily starting the week of April 22nd.
Crushed Ore
Video of ore crushing circuit in operation
Mine Pit
Crusher in use
About Mexus Gold US
Mexus Gold US is an American based mining company with holdings in Mexico. The fully owned Santa Elena mine is located 54km NW of Caborca, Mexico. Mexus also owns rights to the Ures property located 80km N of Hermosillo, Mexico. This property contains 6900 acres and has both gold and copper on the property. Founded in 2009, Mexus Gold US is committed to protecting the environment, mine safety and employing members of the communities in which it operates.
For more information on Mexus Gold US, visit www.mexusgoldus.com.
CABORCA, Mexico, April 08, 2019 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company”) President and CEO Paul Thompson wants to thank Mexus shareholders for their continued support and patience. In addition, Mr. Thompson wishes to commend mine manager Cesar Lemas and his crew, who are now shareholders of Mexus, who have been working 7 days a week to put the Santa Elena mine into production.
The crushing and milling circuit has been successfully tested and run. Mr. Thompson and Mr. Lemas have decided that the oil seals on the 54-inch cone crusher should be replaced before permanent production begins. The cone crusher has been disassembled and awaits the arrival of the new parts. Mexus expects the plant to be repaired and operational by April 15th.
Mexus continues to consolidate equipment which will be needed for its mining operation. Mexus’ new front-end loader has arrived and is being used to move material as needed. The blast hole drill has been imported and is expected to arrive at the Santa Elena mine site April 8th. The company recently purchased a Cat D4G with a 6-way blade and rippers. This lite weight but powerful piece of equipment will allow the crushed ore, delivered by conveyor, to be spread on the heap leach pad without compaction.
CABORCA, Mexico, March 25th, 2019 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that developments at its Santa Elena mine, located in Caborca MX, continue in a positive and productive manner. The jaw/cone crushing screen plant has been moved into place. (see attached photo) Gary Borgus, Mexus electrician, is working on the necessary connections and setting up the control station to assure proper functioning of the crushing line. Mr. Borgus expects the system to be operational by April 1st. The system will include a 400ft conveyor system to carry the 3/4 minus material to the recently readied heap leach pad. The system includes a newly installed automated lime pH system.
Mexus has been busy acquiring additional equipment which is necessary to operate the mine. The company recently purchased a CAT front end loader and a Gardner Denver hydraulic track mounted blast drill. This equipment is currently at the U.S. border and will be moved to the mine the week of March 26th.
Cesar Lemas, President and head Geologist for Mexus Gold MX, (a Mexican corporation 100% owned by Mexus Gold US) confirmed that the company has sufficient ore grades to begin a 3500 ton per week mining operation with expected grades of 4 grams Au per ton. Mexus CEO Paul Thompson and Mr. Lemas are currently interviewing experienced metallurgists who have the expertise to assure the leaching process and subsequent gold recovery go as planned.
CABORCA, Mexico, Jan 18th, 2019 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) today announced that the 1st phase of drilling is now complete at its Santa Elena mine. The company is awaiting assay results which will be plotted and produce a 3D Model used for interpretation. The final results are expected in February 2019. The company has received results for holes 6 thru 9 which aimed to intercept the Julio vein at depths between 60 to 100 meters. The Julio structure is consistent at depth with mineralized widths of 2 to 5 meters. All quartz vein intercepts had gold and silver noticeable with .1 to .3 g/t Au as the tracing values and 2 to 10 g/t Au as the high values. Hole 7 is the best evidence of high-grade gold at 9.89 g/t Au with an attractive width of 5.3 meters and an overall average of 3.12 g/t Au.
Hole Intercept (M) Au (g/t) Ag (g/t)
1 1 .19 .75
2 1 6.28 21.3
3 1 .27 .38
4 3 .7 .5
5 2 .79 5
6 1 .31 .5
7 5.3 3.12 9
8 1.5 .22 .5
9 .5 .1 .5
Average 1.8 1.3 4.3
The resulting Julio quartz vein section drilled contained a slope distance of 180 meters with an average width of 1.8 meters and a strike distance of 275 meters accumulating approximately 180,000 tons with average grades of 1.3 g/t Au and 4.3 g/t Ag. This includes all quartz material without being selective. Approximately 7500 oz. of gold are contained in this section of the Julio quartz vein and about 25,000 oz of silver. Another 200 meters of this quartz vein is minable to the north and about 800 meters to the south of the studied area. Selective mining can be directed based on sampling production drilling used for blasting. The apparent shear zone associated with the Julio vein seems to be a post-mineral event and is parallel to the quartz vein using the structure as a brittle thrust plane. The Julio offset structure was intercepted on hole 1 near the surface with .2 g/t Au and traces of silver making it a viable target for further exploration. All surface sampling data will be processed together with drilling data to identify the best production areas of the structures and understand structural geology of low angle shear zones. Exploration will now continue to accumulate tonnage from new shear zones and quartz vein systems to the south and will include production drilling and surface sampling.
The first stage drilling results gives Mexus the tonnage and values needed to proceed with a mining plan that includes stage 2 drilling. The company plans to build upon its resources from stage 1 by commencing a 12,000 ton per month quartz vein production. Mexus expects the 12,000 ton per month production to produce 500 plus ounces of gold and 1,600 ounces of silver. This small but significant production will fund stage 2 drilling along with advancing Mexus’ other goals.
Mexus will begin preparing the heap leach in the near term. The plan is to remove material from the front of the pad and replace it with fresh ore. This new ore will be carefully controlled to keep the highest grades possible on the pad. Mexus CEO Paul Thompson added “The goal is to start with a small production and build out as additional drilling results become available. Mexus now has a group of financial experts who will assist the company in achieving its goals.”
About Mexus Gold US
Mexus Gold US is an American based mining company with holdings in Mexico. The fully owned Santa Elena mine is located 54km NW of Caborca, Mexico. Mexus also owns rights to the Ures property located 80km N of Hermosillo, Mexico. This property contains 6900 acres and has both gold and copper on the property. Founded in 2009, Mexus Gold US is committed to protecting the environment, mine safety and employing members of the communities in which it operates.
For more information on Mexus Gold US, visit www.mexusgoldus.com. 775-722-6171
San Carlos, Phoenix, Phoenix 3, Marco 1, Marco 2, Phoenix 4, and San Felix
Situated on the property is an approximate 3 million ton leach pad in place and a 1600 GPM Merrill Crow gold recovery system. Having the leach pad and recovery system in place will greatly reduce the time and cost to bring this mine into production.
San Felix Geology Report can be found here:
http://www.mexusgoldus.com/admin/db_files/San%20Felix%20Project.pdf
Phoenix Concession Report can be found here:
http://www.mexusgoldus.com/admin/db_files/Phoenix%20Concession.pdf
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Paul Thompson Last sold shares of MXSG 18 months ago in early 2018
A link to the Feburary 2015 report on the Julio: https://www.dropbox.com/s/bbriq1pwkphf23x/JULIOREPORT.pdf?dl=0
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!!!!MEXUS TOXIC DEATH SPIRAL!!!!
TOXIC NOTES ALREADY CONVERTED OR PAID OFF AT LOAN SHARK RATES:
On November 14, 2017, the Company issued a Convertible Promissory Note (“Note”) to JMJ Financial (“Holder”), for a principal sum of $166,667 plus one-time 10% interest charge of $16,667 which matures on May 14, 2018 for $150,000 in cash.
On August 21, 2018, the Company issued a Convertible Promissory Note (“Note”) to Power Up Lending Group Ltd. (“Holder”) in the original principal amount of $77,500 less transaction costs of $2,500 bearing a 12% annual interest rate and maturing May 30, 2019 for $75,000 in cash.
On November 7, 2018, the Company issued a Convertible Promissory Note (“Note”) to Power Up Lending Group Ltd. (“Holder”) in the original principal amount of $78,000 less transaction costs of $2,500 bearing a 12% annual interest rate and maturing August 30, 2019 for $75,500 in cash.
On January 25, 2019, the Company issued a Convertible Promissory Note (“Note”) to Power Up Lending Group Ltd. (“Holder”) in the original principal amount of $73,000 bearing a 12% annual interest rate and maturing November 15, 2019.
On April 5, 2019, the Company issued a Convertible Promissory Note (“Note”) to Power Up Lending Group Ltd. (“Holder”) in the original principal amount of $88,000 less transaction costs of $3,000 bearing a 12% annual interest rate and maturing February 28, 2020 for $85,000 in cash.
On May 9, 2019, the Company issued a Convertible Promissory Note (“Note”) to Power Up Lending Group Ltd. (“Holder”) in the original principal amount of $83,000 less transaction costs of $3,000 bearing a 12% annual interest rate and maturing March 15, 2020 for $80,000 in cash.
On June 11, 2019, the Company issued a Convertible Promissory Note (“Note”) to Power Up Lending Group Ltd. (“Holder”) in the original principal amount of $42,500 less transaction costs of $2,500 bearing a 12% annual interest rate and maturing April 15, 2020 for $40,000 in cash.
On July 29, 2019, the Company issued a Convertible Promissory Note (“Note”) to Power Up Lending Group Ltd. (“Holder”) in the original principal amount of $85,000 less transaction costs of $2,500 bearing a 12% annual interest rate and maturing June 15, 2020 for $82,500 in cash. Converted Jan. 15th, 2020
ALREADY CONVERTED OR PAID OFF EARLY AT LOAN SHARK RATES:
On September 16, 2019, the Company issued a Convertible Promissory Note (“Note”) to JSJ Investments Inc. (“Holder”) in the original principal amount of $142,000 less debt discount of $17,000 bearing a 6% annual interest rate and maturing September 16, 2020 for $125,000 in cash. Convertible March 14, 2020
On October 3, 2019, the Company issued a Convertible Promissory Note (“Note”) to Power Up Lending Group Ltd. (“Holder”) in the original principal amount of $82,500 less transaction costs of $2,500 bearing a 12% annual interest rate and maturing August 15, 2020 for $80,000 in cash. Convertible March 21, 2020
On November 21, 2019, the Company issued a Convertible Promissory Note (“Note”) to Crown Bridge Partners, LLC (“Holder”) in the original principal amount of $27,500 less transaction costs of $3,250 bearing a 12% annual interest rate and maturing November 21, 2020 for $24,250 in cash. Convertible May 19, 2020
On December 12, 2019, the Company issued a Convertible Promissory Note (“Note”) to Power Up Lending Group Ltd. (“Holder”) in the original principal amount of $57,500 less transaction costs of $2,500 bearing a 12% annual interest rate and maturing September 15, 2020 for $55,000 in cash. Convertible May 30, 2020
On December 19, 2019, the Company entered into a Securities Purchase Agreement with Auctus Fund, LLC, (“Holder”) relating to the issuance and sale of a Convertible Promissory Note (the “Note”) with an original principal amount of $112,750 less an original issue discount of $10,000 and transaction costs of $2,750 bearing a 12% annual interest rate and maturing October 19, 2020 for $100,000 in cash. Convertible June 16, 2020 On June 15, 2020, the Company fully settled the Convertible Promissory Note issued to Auctus Fnd, LLC on December 19, 2020 with an original principal amount of $112,750 for $178,855 in cash. Toxic note paid off with two more toxic notes!!!
HOW MANY MORE TOXIC NOTES HAVE ALREADY BEEN ISSUED IN 2020, AND NOT DISCLOSED BY MEXUS??? NOW WE KNOW! FIRST ONE IS ELIGIBLE TO BE CONVERTIBLE AT END OF AUGUST:
On March 2, 2020, the Company issued a Convertible Promissory Note (“Note”) to Power Up Lending Group Ltd. (“Holder”) in the original principal amount of $52,500 less transaction costs of $2,500 bearing a 12% annual interest rate and maturing December 15, 2020 for $50,000 in cash. Convertible August 29, 2020.
On March 26, 2020, the Company issued a Convertible Promissory Note (“Note”) to Power Up Lending Group Ltd. (“Holder”) in the original principal amount of $42,500 less transaction costs of $2,500 bearing a 12% annual interest rate and maturing January 15, 2021 for $40,000 in cash. Convertible September 22, 2020.
On June 9, 2020, the Company issued a Convertible Promissory Note (“Note”) to JSJ Investments Inc. (“Holder”) in the original principal amount of $130,000 less debt discount of $3,000 bearing a 6% annual interest rate and maturing June 9, 2021 for $127,000 in cash. Convertible December 6, 2020.
On June 9, 2020, the Company issued a Convertible Promissory Note (“Note”) to Power Up Lending Group Ltd. (“Holder”) in the original principal amount of $52,500 less transaction costs of $2,500 bearing a 12% annual interest rate and maturing April 1, 2021 for $50,000 in cash. Convertible December 6, 2020.
ANNNNDDDDD....ONE MORE TOXIC NOTE, JUST DISCLOSED BY 10Q:
On July 17, 2020, the Company issued a Convertible Promissory Note (“Note”) to Power Up Lending Group Ltd. (“Holder”) in the original principal amount of $42,500 less transaction costs of $2,500 bearing a 12% annual interest rate and maturing May 17, 2021 for $40,000 in cash.
Convertible January 13, 2021
MORE TOXIC NOTES, A YEAR'S WORTH!
On August 11, 2020, the Company issued a Convertible Promissory Note (“Note”) to Crown Bridge Partners, LLC (“Holder”) in the original principal amount of $55,000 less transaction costs of $5,000 bearing a 12% annual interest rate and maturing August 10, 2021 for $50,000 in cash. Convertible February 7, 2021.
On September 17, 2020, the Company issued a Convertible Promissory Note (“Note”) to Power Up Lending Group Ltd. (“Holder”) in the original principal amount of $47,500 less transaction costs of $2,500 bearing a 12% annual interest rate and maturing September 17, 2021 for $45,000 in cash. Convertible March 16, 2021.
On October 15, 2020, the Company issued a Convertible Promissory Note (“Note”) to Power Up Lending Group Ltd. (“Holder”) in the original principal amount of $52,500 less transaction costs of $2,500 bearing a 12% annual interest rate and maturing October 15, 2021 for $50,000 in cash. Convertible April 13, 2021.
On December 15, 2020, the Company issued a Convertible Promissory Note (“Note”) to Power Up Lending Group Ltd. (“Holder”) in the original principal amount of $43,500 less transaction costs of $3,500 bearing a 12% annual interest rate and maturing December 15, 2021 for $40,000 in cash. Convertible June 13, 2021.
On January 20, 2021, the Company issued a Convertible Promissory Note (“Note”) to Power Up Lending Group Ltd. (“Holder”) in the original principal amount of $43,500 less transaction costs of $3,500 bearing a 12% annual interest rate and maturing January 20, 2022 for $40,000 in cash. Convertible July 19, 2021.
On March 1, 2021, the Company issued a Convertible Promissory Note (“Note”) to Power Up Lending Group Ltd. (“Holder”) in the original principal amount of $38,500 less transaction costs of $3,500 bearing a 12% annual interest rate and maturing March 1, 2022 for $35,000 in cash. Convertible August 28, 2021.
On April 5, 2021, the Company issued a Convertible Promissory Note (“Note”) to Power Up Lending Group Ltd. (“Holder”) in the original principal amount of $40,000 less transaction costs of $3,500 bearing a 12% annual interest rate and maturing April 5, 2022 for $36,500 in cash. Convertible October 2, 2021.
On April 29, 2021, the Company issued a Convertible Promissory Note (“Note”) to Power Up Lending Group Ltd. (“Holder”) in the original principal amount of $38,500 less transaction costs of $3,500 bearing a 12% annual interest rate and maturing April 29, 2022 for $35,000 in cash. Convertible October 26, 2021.
On May 20, 2021, the Company issued a Convertible Promissory Note (“Note”) to Power Up Lending Group Ltd. (“Holder”) in the original principal amount of $43,500 less transaction costs of $3,500 bearing a 12% annual interest rate and maturing May 20, 2022 for $40,000 in cash. Convertible November 16, 2021.
On June 14, 2021, the Company issued a Convertible Promissory Note (“Note”) to Power Up Lending Group Ltd. (“Holder”) in the original principal amount of $43,500 less transaction costs of $3,500 bearing a 12% annual interest rate and maturing June 14, 2022 for $40,000 in cash. Convertible December 11, 2021.
On July 28, 2021, the Company issued a Convertible Promissory Note (“Note”) to Power Up Lending Group Ltd. (“Holder”) in the original principal amount of $38,500 less transaction costs of $3,500 bearing a 12% annual interest rate and maturing July 28, 2022 for $35,000 in cash. Convertible January 24, 2022
On August 17, 2021, the Company issued a Convertible Promissory Note (“Note”) to Power Up Lending Group Ltd. (“Holder”) in the original principal amount of $45,000 less transaction costs of $3,500 bearing a 12% annual interest rate and maturing August 17, 2022 for $41,500 in cash. Convertible February 13, 2022.
AND MORE TOXIC NOTES!
On October 5, 2021, the Company issued a Convertible Promissory Note (“Note”) to Power Up Lending Group Ltd. (“Holder”) in the original principal amount of $38,500 less transaction costs of $3,500 bearing a 12% annual interest rate and maturing October 5, 2022 for $35,000 in cash. Convertible April 3, 2022
On December 7, 2021, the Company issued a Convertible Promissory Note (“Note”) to Sixth Street Lending LLC (“Holder”) in the original principal amount of $38,500 less transaction costs of $3,500 bearing a 12% annual interest rate and maturing December 7, 2022, for $35,000 in cash. Convertible June 5, 2022
On January 10, 2022, the Company issued a Convertible Promissory Note (“Note”) to Sixth Street Lending LLC (“Holder”) in the original principal amount of $43,500 less transaction costs of $3,500 bearing a 12% annual interest rate and maturing January 10, 2023, for $40,000 in cash. Convertible July 9, 2022
On February 11, 2022, the Company issued a Convertible Promissory Note (“Note”) to Sixth Street Lending LLC (“Holder”) in the original principal amount of $40,000 less transaction costs of $3,500 bearing a 12% annual interest rate and maturing February 11, 2023, for $36,500 in cash. Convertible August 10, 2022
On March 9, 2022, the Company issued a Convertible Promissory Note (“Note”) to Sixth Street Lending LLC (“Holder”) in the original principal amount of $48,500 less transaction costs of $3,500 bearing a 12% annual interest rate and maturing March 9, 2023, for $45,000 in cash. Convertible September 5, 2022
On April 6, 2022, the Company issued a Convertible Promissory Note (“Note”) to Sixth Street Lending LLC (“Holder”) in the original principal amount of $38,500 less transaction costs of $3,500 bearing a 12% annual interest rate and maturing April 6, 2023, for $35,000 in cash. Convertible October 3, 2022
On May 31, 2022, the Company issued a Convertible Promissory Note (“Note”) to 1800 Diagonal Lending LLC (“Holder”) in the original principal amount of $33,500 less transaction costs of $3,500 bearing a 12% annual interest rate and maturing May 31, 2023, for $30,000 in cash. Convertible November 27th, 2022
CABORCA, Mexico, February 4th, 2020 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that gold production at its Santa Elena mine continues with excellent results. The heap leach pad continues to return gold to the pregnant pond at an average grade of .33gpt in solution. The company is seeing normal fluctuations in the tail readings but are optimistic and excited as these readings aren’t dipping as much as expected. Cesar Lemas, Mexus geologist, and his crew are reporting seeing visible gold in certain material being placed on the heap leach pad. It is the company’s belief that this high-grade material is taking longer to leach but leading to a consistent higher average return to the pond. Leach pad flow and recovery flows have now balanced to allow Mexus to process continuously 7 days a week.
CABORCA, Mexico, January 24, 2020 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that it has and will continue to produce gold from its recently updated gold recovery system. The gold recovery system was started on January 16th and has produced 22 oz Au.
First samples of 22 oz Au recovered from the Julio Vein
sampling of gold recovered from Julio Vein
CABORCA, Mexico, January 21, 2020 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced its plan for the coming year and gave an update on its various projects and holdings located throughout Mexico. On January 7th the company began mining on the Julio vein/shear zone via a 300 x 20 meter open pit at its Santa Elena mine. This area had been blasted during the first week of January. Approximately 4500 tons of mineralized material has been mined to date with 3000 tons having been run through the crushing circuit. The resulting ¾” minus material was placed on the heap leach pad with leaching resuming on January 13th. Assays of the head material have shown 4 g/t Au and 9 g/t Ag with some areas testing as high as 16 g/t Au. The Julio material was added to 12,000 tons of Lucky Strike mineralized material which averages 1.2 g/t Au. Solution from the heap leach started returning to the pregnant pond January 15th showing a grade of .35 g/t Au of pregnant solution. The flow and returns have continued to increase with recent readings showing .45 g/t Au per ton of solution. On January 17th the company started processing the pregnant solution at a rate of 1 ton of solution per 2 minutes through the Merrill Crowe and activated carbon gold recovery systems. The use of both systems will ensure maximum recovery. Since January 17th the company has recovered 15 oz. of gold. Recovery will increase as the size of the heap pad grows allowing for additional solution to be run through the system.
Mexus President Paul Thompson along with Cesar Lemas have decided to seek a joint venture for its Mabel property. Discussions have already started and could include a drilling program with options to purchase. Any deal will include Mexus retaining a royalty from mining operations. The Mabel project is located 52 kms SW from Nogales, Sonora, Mexico. Mexus Gold US concessions total 2128 located in two clusters. There has been directed geology, geochemisty and geophysics exploration work in the area since 2002 with 611 holes drilled in 6 drilling campaigns. Approximately 1,300,000 tons are estimated in the narrow grid drilling area with an average of 0.7 g/t Au and 23 g/t Ag including 240,000 tons of 1.9 g/t Au equivalent.
Mexus, along with partner Elias Felix, have also made the decision to seek a joint venture for its Ures project. The 10,000 acre concession is located near Hermosillo, Mexico. The Scorpio concession is believed to be a copper porphyry system and will need to be drilled to confirm. High grade silver has been found at the 8 Brothers concession and will also need to be drilled to confirm the preliminary findings. A joint venture agreement for these concessions will include the company retaining a mining royalty.
Mexus President Paul Thompson added “With the Santa Elena operation expanding we feel that the fastest and most profitable way to return shareholder value is to find partners for our other properties. My goal is to have all 3 properties either producing or being drilled to a proven resource.”
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CABORCA, Mexico, June 1, 2020 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that for the month of May, 2020 the company produced 102 ounces of gold. This production was accomplished during the COVID 19 slowdown all the while keeping staff safe yet productive. Mexus is looking to produce 150 ounces of gold in the month of June, 2020.
The company is currently working the Julio vein shear zone pit #2. (See attached photo) Sampling of this material shows visible gold and contains easily leached microscopic gold. Twelve bottle roll tests of material recently placed on the heap pad showed an average of 6.7 g/t to 11.9 g/t Au. Solution starting to return to the pond is measuring .21 to .3 g/t Au and is expected to increase to .5 g/t Au.
On May 29th, the company began blast hole drilling on the Julio vein pit #2 with the objective to define geological targets as production continues. Systematic hydraulic track drilling is being used with the material then being bottle roll leach tested, atomic absorption tested, and confirmed with independent official laboratory analysis. The results are being used to produce a mineralized material reserve report. In the near term, this information is ensuring that the highest-grade material is being mined.
The heap leach pad at the Santa Elena mine currently holds 18,000 tons of mineralized material. Head grades are estimated at 3 to 4 g/t Au. Gold solution is being processed at 70-80 gallons per minute with carbon columns and electrowinning being utilized for final gold recovery.
Hydraulic drilling of Julio vein pit #2
Panned material from Julio vein pit #2
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CABORCA, Mexico, June 8th, 2020 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that a second round of blasting has occurred on the Julio shear zone located at its Santa Elena mine in Caborca, Mexico. Sampling of this shear zone has shown 1.5 to 11.9 g/t Au with some visible gold. 1800 tons of this material is being processed and is expected to be placed on the heap leach pad by June 12th. Leaching of the heap pad is now running 24 hours a day, 7 days a week. This newly added material should start returning increased values to the pregnant pond as early as June 15th. Carbon cells and electro winning processing continue to operate capturing 100% Au without interruption.
Blasting of Julio shear zone
CABORCA, Mexico, June 15th, 2020 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that it has satisfied an outstanding debt obligation. The $178,855.49 loan, which was due June 16th, was paid off on June 13th. The company was able to satisfy this loan using a new debt obligation. Mexus plans to use revenues from operations to pay the new loan within 6 months. “The ability to basically extend our debt obligation comes at the right time for Mexus. We are increasing production at the Santa Elena mine and expect revenues to grow exponentially in the coming months. Revenues from the sale of gold are currently being reinvested to increase our monthly production. Long term, this will be a substantial benefit to Mexus and its shareholders.” added Mexus CEO Paul Thompson.
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CABORCA, Mexico, August 18th, 2020 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that it has a acquired a 330 excavator for its Santa Elena mine in Caborca, Mexico. The excavator is being shipped to the mine and will allow the company to increase its daily production with the short-term goal of reaching 500 tons a day. Mexus continues to place new material on the heap leach pad weekly which is allowing for a 24/7 leaching operation. These efforts should result in an increase in overall production which has been the goal of the company since production first commenced. In addition, the company noted that its annual audit was completed and released August 14th. It should also be noted that the Mexus’ fiscal year ended March 31st.
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CABORCA, Mexico, August 24th, 2020 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced an update on its 1st quarter results which ran April to June, 2020. During this period the company established mining operations at its Santa Elena mine. The company faced challenges during this period due to COViD19 which included periods of shut down due to labor laws in Mexico. Mexus was still able to produce gold and used the time to make adjustments at the mine site. Improvements at the mine during this period included: improving the crushing circuit to maximize efficiencies, an increase in employees to include two new equipment operators and a lab technician, and the acquisition of a 330 excavator a 40 ton haul truck and repairs to existing equipment. The company currently has four haul trucks and three excavators onsite which will assist in the planned expansion. The company expects to show an increase in production during the 2nd quarter of its fiscal year (July through September).
Mexus continues to work the Julio shear zone 2 with an average grade of 2gpt Au. Every seven-day period a new area of the heap leach pad is stacked with recently crushed mineralized material. It is estimated that the solution takes 2 ½ weeks to return to the pregnant pond. Leaching in this matter was started 4 weeks ago and the company is happy with the results to date. Mexus plans on running solution in the next ten days as returns should begin building from this expanded production. This process represents an increase in production for Mexus which should reflect in higher gold sales this quarter.
“We’ve had normal ups and downs that any new miner experiences when implementing new processes. The crew at the mine have done a great job of adjusting and fixing issues as they’ve arisen. Mexus will continue to increase production each quarter. I’m excited to announce that the company will do it’s first quarterly guidance in September which will represent a forward looking estimate for the last three months of 2020.” added Mexus, CEO Paul Thompson, Sr.
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CABORCA, Mexico, September 14th, 2020 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that it is nearing the completion and test running of its high grade ball mill gravity gold recovery system. As stated previously, this coincides with the development of the quartz vein systems at the Santa Elena mine in Caborca, MX. Mexus has developed a plan targeting the high-grade quartz vein as part of the Julio system. An average cutoff grade of 10 Gpt Au will be milled and recovered by the gravity system with lower grades continuing to be placed on the heap leach pad.
New photos added to website
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CABORCA, Mexico, October 5th, 2020 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that its ball mill gravity gold recovery system is now operational. This system will allow the company to run high grade material from the Julio quartz vein at its Santa Elena mine located in Caborca, MX.
In addition, the company announced an important discovery concerning gold recovery from its heap leach pad at the mine site. Mexus has been and continues to recover gold from the mineralized material placed on the heap leach pad. The resulting gold production from this work has been variable leading to an analysis of the heap leach pad. It has been found that the salt placed on the pad by the prior operator continues to limit gold recovery. Assays of the cyanide solution returning to the pregnant pond are not representative of the material being placed on the pad. The company decided to remove the material from the top of the heap leach pad down to 2 meters from the bottom and have it assayed. These assays showed that salt is causing issues with gold recovery. The silver in this material, when coming into contact with salt, turns to silver chloride. Cyanide solution with gold reacts with silver chloride and turns the gold to a metallic state inhibiting recovery. The silver chloride found in the bottom 2 meters was assayed and showed an extremely high level of gold value (ounces to the ton). Mexus CEO, Paul Thompson, along with Chief Geologist, Cesar Lemas, determined that the bottom 2 meters of the heap leach pad needs to be removed and run through the ball mill gravity system. Tests have shown that 95% of the gold in the silver chloride material can be recovered using the company’s gravity ball mill circuit. This work has already begun. These efforts accomplish two things for the company. First, this allows for gold recovery of highly assayed material at the bottom of the heap leach pad. Secondly, it fixes the heap leach pad allowing for normal and consistent recovery of gold going forward.
Mexus will continue to produce gold in the last quarter of 2020. The company was looking to give guidance for the 4th quarter of 2020 but determined that the recent findings have made it difficult to give an estimate. In the near future, shareholders of Mexus can expect an update on both the heap leach and ball mill gravity gold recovery circuits. Mexus CEO, Paul Thompson added, “I’m excited for gold production in the coming weeks. We believe that a substantial amount of gold trapped on the pad is now going to be recovered
CABORCA, Mexico, October 19th, 2020 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that it has completed the removal of 2/3rd’s of the heap leach pad at its Santa Elena mine located in Caborca, MX. The removal was down to the bottom 1.5 meters. This remaining gold bearing chloride material is being run through the company’s ball mill gravity recovery system. In addition, Mexus is fast tracking the completion of its new heap leach pad. Grading is expected to be completed by November 1st and be operational by November 15th. The company is stock piling quartz mineralized material with an average grade of 4.2 GPT Au which is ready to be crushed and placed on the pad. Recovery of gold from the new heap leach pad is expected by December 1st, 2020. Mexus expects to have both its ball mill gravity system and its heap leach pad recovering gold at that time.
Ball Mill in use at Santa Elena mine
Front End Loader Placing Material Into The Gravity Recovery System
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CABORCA, Mexico, October 26th, 2020 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) is excited to announce that phase 1 construction of its new heap leach pad is nearing completion. The new area will be ready for the liner by November 1st and have mineralized material placed by November 15th. Mexus expects the new leach pad to be producing gold by December 1st.
The company continues to separate the high grade chloride material from the existing leach pad with approximately 3500 tons having been removed. The ball mill is having difficulty running some of the material as it turns to mud during the process. The solution is to use a screen wash plant which Mexus already has on site. The recovery of the gold from this material is expected to take 45 days.
“I want to remind Mexus shareholders that we are entering into a period where three different gold recovery systems will be operational. In the near term we have the screen wash high-grade chloride material being processed. The company will also have its new heap leach pad in place and will be running high grade quartz material through our ball mill system.” added Mexus CEO Paul Thompson.
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CABORCA, Mexico, November 9th, 2020 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that the new leach pad at its Santa Elena mine in Caborca, MX is expected to be completed by November 15th. The company has stockpiled mineralized material with an average grade of 2.3 Gpt Au. This material will be crushed and placed as soon as the pad is completed. Mexus is using assay results to determine what material to place on the pad. The company has two technicians performing fire, column, and atomic absorption assays. Production from the leach pad is expected to begin returning gold by 12/1 with a target of .5 Gpt Au in solution running 35 Gpm. The goal is to increase this to 100 Gpm by January 1, 2021. Mexus is still working on the material recently removed from its original heap leach pad which contains silver chloride. The solution to recovering the gold from this material is to run it through a wash plant.
Mexus CEO Paul Thompson added, “We want to get the heap leach pad into production providing for continuous revenue. The staff at the mine will then be able to focus on the silver chloride material. I’m also working on a long-term funding plan for Mexus. This is necessary to move the company forward, eliminate any short-term debt, and increase the production capacity quickly.”
Photo of new heap leach pad
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CABORCA, Mexico, November 16th, 2020 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that it has completed phase 1 of its new heap leach pad. The 250,000 ton pad, which is expandable to 1,000,000 tons, will have crushed mineralized material placed beginning 11/17. This material, averaging 2.7 Gpt Au, should begin leaching by 11/21. The company is looking for a return of .6 Gpt Au in solution. Start up flow at 10.5 liters per second is expected to return approximately 17.5 oz Au per 24 hour cycle. Mexus is targeting 12/1 to meet this goal.
Mexus President, Paul Thompson Sr., stated that it has taken several months to determine the extent of the contamination to the original heap leach pad done by the previous operator. The prior operator introduced salt and other chemicals to the entire leaching operation. The company has found silver chloride throughout the pad, ponds, and filter system. As previously noted, Mexus decided to remove the material from the entire leach pad. In addition, the company has drained and cleaned the pregnant and barren ponds along with a clean out of the water system and filters. Initially, the company had prepared one small leach pad area which successfully produced 134 oz. of gold in three weeks. Management believed that this plan could work over the whole pad avoiding the silver chloride areas. Unfortunately, this proved to be too timely and costly. Removing all traces of silver chloride from the gold production circuit is allowing Mexus to move forward with a more precise mining operation. The company is scheduled to begin blast hole drilling on 11/18 with a new round of blasting occurring by 12/8. This will expand the company’s pit no. 2 by approximately 1741 oz. Au at 2.7 Gpt
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Gold Produced At Mexus’ Santa Elena Mine; Ramp Up Of Production Begins
CABORCA, Mexico, Dec. 14, 2020 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that on 12/12 the company produced gold concentrate from the new heap leach pad at its Santa Elena mine located in Caborca, MX. The concentrate was moved to a secure site for smelting. The resulting gold dore will be sold to the company’s U.S. buyer by 12/22. The production is confirmation that the new heap leach pad is producing as expected.
“The outlook for 2021 is extremely positive as we expect to steadily increase our production throughout the coming year,” added Mexus President, Paul Thompson Sr.
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CABORCA, Mexico, December 21st, 2020 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that on Monday, December 21st, the company will sell its initial production of gold from recent efforts at its Santa Elena mine located in Caborca, MX. This initial sell is on time and will meet the company’s initial goals for implementation of its mining plan. Mexus expects production and sales to increase every two weeks moving forward with additional confirmations to follow.
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Mexus Sales Gold Produced From Revamped Heap Leach Pad
CABORCA, Mexico, December 21st, 2020 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that on Monday, December 21st, the company will sell its initial production of gold from recent efforts at its Santa Elena mine located in Caborca, MX. This initial sell is on time and will meet the company’s initial goals for implementation of its mining plan. Mexus expects production and sales to increase every two weeks moving forward with additional confirmations to follow.
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CABORCA, Mexico, January 4th, 2021 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) released an update on mining operations at its Santa Elena mine located in Caborca, Sonora State, MX. Over the past few months the company has replaced the original heap leach pad and added mineralized material from the Mexus III pit. This area has an impressive geological structure as a mixed oxide thrust shear zone with shattered quartz fragments and some quartz stock work near the major quartz vein. An additional 5000 tons of this material will be crushed and ready to leach by January 5th. This material runs .9 to 1.2 gpt Au head ore with pregnant solution returning to the pond expected at .29 to .36 gpt Au to start. This additional tonnage will increase our pregnant solution flow from 27gpm to 45gpm with 100gpm expected to be reached by February 1st. As additional tons of mineralized material are placed on the pad the square feet of surface area increases allowing for additional cyanide solution to leach. The company expects to reach 350gpm by mid-2021.
“As 2021 begins I’m reminded of the great opportunity we have at the Santa Elena property. Mexus controls over 20,000 acres with half being on the Mojave Sonora Mega Shear Zone. Fresnillo’s Noche Buena and La Herradura mines, which neighbors Mexus property, are mining this same system. The company will continue to keep all options open for further exploration and development of our property which could include partnership with other mining companies to maximize shareholder return.” added Mexus CEO Paul Thompson, Sr.
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CABORCA, Mexico, January 19th, 2021 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced it is on schedule to meet its goal of reaching 100 Gpm to the heap leach pad by February 1st. The mine, located in Caborca, Sonora State, Mx, continues to expand production. Mexus geologist, Cesar Lemas, provided details on the build out and production ramp up. “Mexus continues mining at the Mexus III area where a potent shear zone is being followed. Assayed results are showing between .7 to 1.3 g/t Au with approximately 600 tons a day being moved to the crushing plant. Leaching continues to produce .2 to .35 ppm Au at 60 Gpm producing 3 oz per day which is expected to double by February 1st. Currently, pregnant solution is being passed through carbon absorption with 60% efficiency. Additional carbon is being delivered to the mine site January 19th that will increase the recovery to 85% within 5 days of set up. Electrowinning will follow when the carbon filters are loaded with enough metallics. The necessary equipment has been moved to the area to start drilling exploration holes as to direct future mining. About 30 to 40 solution samples are assayed daily from heap leaching using atomic absorption via the companies two Perkin Elmo units. About 12-20 fire assays rock samples are run daily from material being produced in addition to the loaded activated carbon which is also fire assayed to monitor and confirm recovery.”
“The company’s goals are being met weekly and we will continue to update our shareholders as we progress, meet timelines, and ultimately increase production.” added CEO Paul Thompson.-
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PEDRO'S Frijole stand.:
96% loss on investment to date..buyer beware these guys talk a good game but produce next to nothing and have to resort to high intrest short term loans to float the business . check the 10q's at the bottom of the page to do your due dilligence.
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CABORCA, Mexico, December 21st, 2020 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that on Monday, December 21st, the company will sell its initial production of gold from recent efforts at its Santa Elena mine located in Caborca, MX. This initial sell is on time and will meet the company’s initial goals for implementation of its mining plan. Mexus expects production and sales to increase every two weeks moving forward with additional confirmations to follow.
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CABORCA, Mexico, January 4th, 2021 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) released an update on mining operations at its Santa Elena mine located in Caborca, Sonora State, MX. Over the past few months the company has replaced the original heap leach pad and added mineralized material from the Mexus III pit. This area has an impressive geological structure as a mixed oxide thrust shear zone with shattered quartz fragments and some quartz stock work near the major quartz vein. An additional 5000 tons of this material will be crushed and ready to leach by January 5th. This material runs .9 to 1.2 gpt Au head ore with pregnant solution returning to the pond expected at .29 to .36 gpt Au to start. This additional tonnage will increase our pregnant solution flow from 27gpm to 45gpm with 100gpm expected to be reached by February 1st. As additional tons of mineralized material are placed on the pad the square feet of surface area increases allowing for additional cyanide solution to leach. The company expects to reach 350gpm by mid-2021.
“As 2021 begins I’m reminded of the great opportunity we have at the Santa Elena property. Mexus controls over 20,000 acres with half being on the Mojave Sonora Mega Shear Zone. Fresnillo’s Noche Buena and La Herradura mines, which neighbors Mexus property, are mining this same system. The company will continue to keep all options open for further exploration and development of our property which could include partnership with other mining companies to maximize shareholder return.” added Mexus CEO Paul Thompson, Sr.
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CABORCA, Mexico, January 19th, 2021 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced it is on schedule to meet its goal of reaching 100 Gpm to the heap leach pad by February 1st. The mine, located in Caborca, Sonora State, Mx, continues to expand production. Mexus geologist, Cesar Lemas, provided details on the build out and production ramp up. “Mexus continues mining at the Mexus III area where a potent shear zone is being followed. Assayed results are showing between .7 to 1.3 g/t Au with approximately 600 tons a day being moved to the crushing plant. Leaching continues to produce .2 to .35 ppm Au at 60 Gpm producing 3 oz per day which is expected to double by February 1st. Currently, pregnant solution is being passed through carbon absorption with 60% efficiency. Additional carbon is being delivered to the mine site January 19th that will increase the recovery to 85% within 5 days of set up. Electrowinning will follow when the carbon filters are loaded with enough metallics. The necessary equipment has been moved to the area to start drilling exploration holes as to direct future mining. About 30 to 40 solution samples are assayed daily from heap leaching using atomic absorption via the companies two Perkin Elmo units. About 12-20 fire assays rock samples are run daily from material being produced in addition to the loaded activated carbon which is also fire assayed to monitor and confirm recovery.”
“The company’s goals are being met weekly and we will continue to update our shareholders as we progress, meet timelines, and ultimately increase production.” added CEO Paul Thompson.-
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CABORCA, Mexico, February 1st, 2021 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that it continues to work the Mexus III area at its Santa Elena mine producing a detachment structure mineral with abundant sericite and oxide filled boxwork averaging 1.02 g/t Au. There are areas with higher grade zones where the silica content is noted often with visible gold. Argonauts 2015 limited drilling program intercepted this zone from 32 to 45 meters in depth with an average grade of 1.05 g/t Au. The Vein 2 area has been drilled for blasting and sampled with average values of 2.3 g/t Au. One initial blast of 250 holes drilled to 6 meters is expected to produce approximately 15,000 to 20,000 tons of mineralized material. All documents for the blasting permit are now completed and have been sent to SEDENA, the Mexican department in charge of permit issuance. Receipt of the approved permit is expected soon which will allow for continuing production in this area. The Julio vein area is also being prepared for blasting with the removal of overburden and the building of access roads to the exposed quartz vein areas. The new Vein 3 area is also being prepared for blasting as it contains exposed quartz vein material similar to Vein 2 in quality and quantities.
About 2000 tons of Mexus III mineralized material with a 1 g/t Au average has been hauled to the crushing plant. The material is being crushed and laid on section 2 of the heap leach pad. As this section is leaching additional crushing will continue with mineralized material being placed on section 1 of the pad allowing for continuous production, continuous carbon absorption processing, and dore production.
The two leach pad sections are using 80 to 100 gpm of solution and is being processed as the gold-silver values start to return to the pregnant pond. Mexus is achieving 30% recoveries in the first week of leaching raising to 70 to 80% in the following weeks. This continued leaching will give Mexus the metallurgical information to adjust and refine the mineral processing system being used.
Mexus’ Mabel Project, located in Northern Mexico, is currently being reviewed with information recently revised and updated by a potential partner. The purpose of the review is to calculate and update Measured Reserves. In 2011, the original owner of the property estimated 45,000 ounces of gold in a near surface quartz bearing mineral deposit which reflected only 5% of the total project. This property shows high evidence of a potential copper porphyry as well.
“I want to remind our shareholders that gold sales, as stated in prior press releases, has occurred and that additional sales are forthcoming. In addition, investors should expect to see a steady increase in the amount of gold being processed, recovered, and sold as we move forward.” added Mexus CEO Paul Thompson.
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CABORCA, Mexico, February 16th, 2021 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that it continues to mine the Mexus III pit area at its Santa Elena mine. The increase in mining efforts comesk after a 20 day slow down due to a COVID outbreak of some of its mine employees. The crew is now COVID free with the company taking extra measures to ensure the safety of all involved. Mexus CEO Paul Thompson recently received a vaccination shot adding confidence when traveling to the mine and interacting with employees and representatives of other mining companies. The Mexus III area continues to show a potent detachment alteration zone with values ranging from .7 to 1.2 Gpt Au and .3 to .5 Gpt Ag. The heap leach pad is currently leaching at 60 Gpm. The carbon filters have been filled with a new load of activated carbon collecting 100% of values at .25 to .27 ppm gold. Mexus expects the values to increase to .35 ppm within a week of additional material being placed on the heap leach pad.
The Vein II area, with 300 drilled holes, is now ready for blasting. A recent military inspection by a group of army personnel occurred as part of the permitting process. It is believed that the issuance of the permit should occur any day. The first blast will produce more than 10,000 tons of high grade quartz vein mineralized material averaging 2.3 Gpt Au.
“In addition to the positive results at the Santa Elena mine we continue to meet with potential partners. This week I will be meeting with multiple companies concerning their interest in both the Santa Elena mine and our Mabel property. In addition, there are ongoing discussions with companies concerning Mexus’ copper property in the Sonora State of Mexico. I’m very pleased with the progress at the Santa Elena mine and by the interest that Mexus is garnering.” added Mexus CEO Paul Thompson.
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CABORCA, Mexico, March 15th, 2021 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) is pleased to announce that it has received the necessary explosives permit which will allow the company to move forward with mining of the company’s high grade Mexus II and Julio vein structures. As previously noted, these areas contain up to 16 gpt Au with an average of 4.2 gpt Au. With drilling already completed at the Mexus II area the company expects to perform the first blast within the next week. This initial blast will create approximately 10,000 tons of leachable material. The company has already started the removal of overburden at the Julio vein site as this is the next drill/blast target. Based on sampling, Mexus believes this will be the best producing area in terms of average grades. “Mexus continues to produce gold at our Santa Elena mine site. We needed this blasting permit so we could increase the average grades being mined with a resulting increase in overall gold production. The higher net return will increase our cash flow and allow for a quicker build out.” added CEO Paul Thompson.
Mexus continues to have conversations with multiple mining companies concerning its three properties located in Sonora State, Mexico. Multiple options are being reviewed and management will make a decision that is in the best interest of its shareholders.
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CABORCA, Mexico, April 5th, 2021 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that on April 12th the company plans on blasting at its Santa Elena mine located near Caborca, MX. The blast will produce approximately 10,000 tons of mineralized material averaging 2.2 gpt Au. Mexus expects to be producing gold from this material within 30 days of the blast.
The company continues to speak to multiple mining companies concerning partnerships for all its properties. The company believes the time is right with the company controlling 24 claims on approximately 12,500 hectares. The claims are located in the Sonoran State of Mexico and reside near other producing mines. The Santa Elena project is operational with all the necessary permits and equipment to crush, mine, and leach an initial 2500 tons a day of mineralized material. The company’s long-term goal is to mine 10,000 tons a day. The Mabel project, with only 5% of the concession drilled, has an estimated resource of approximately 45,000 oz. of Au near surface with little over burden. The Ures project gold assays show .5 to 16 gpt Au, 8 Brothers has shown up to 10 Kilos Ag per ton, and the Scorpio contains as high as 9% copper. Geologists from a neighboring mine recently visited Mexus’ Santa Elena project. The visiting geologist believe the minerals and multiple structures resemble those at the nearby La Herradura mine. Mexus feels the time is right to consider all qualified offers from exploration drilling companies to production investment companies allowing Mexus to expand to its fullest potential and offer the biggest return for its shareholders.
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Mexus Working Towards Agreement With Large Mining Company
CABORCA, Mexico, May 24, 2021 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that it has been working with a group of geologists from the neighboring Herradura mine. The group is reviewing a plan to develop a possible 1 million + oz gold bulk mineral target at the companies Santa Elena mine located in Caborca, MX. This is in addition to the estimated 150 to 200k oz gold from the vein quartz structure which will be confirmed and added to the calculated reserves. Geologists are gathering technical information for imminent core drilling of the major structures which will begin in the next few weeks as to achieve the valuation of a highly economical mineral deposit or deposits. Also, the mining engineering group continues to visit the site and exchange technical information on the Santa Elena mining system. It is expected that an agreement for continued drilling with a long-term financial agreement will be reached in the coming weeks.
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CABORCA, Mexico, June 21st, 2021 – Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that the first week of leaching from vein 2 at its Santa Elena mine located in Caborca, MX has produced 20 oz. of gold. In addition, an additional 30 oz of gold has been collected and confirmed via testing of the activated carbon cells with additional values being added daily. The company received certified assaying of the head ore showing 5.78 gpt Au and 97 gpt Ag for test vein 2-1 and 6.28 gpt Au and 17 gpt Ag for vein 2-2 material.
Mexus has signed a contract with SIPI Metals located in Chicago, IL to ship and recover gold and silver from the company’s activated carbon. The agreement will pay 97% spot price for gold and 95% spot price for silver with a 90% advance payment based on assays. This agreement will enable Mexus to produce more gold by allowing the company to focus on its mining and recovery operation and eliminating the cost and time of electrowinning and smelting. The company expects an 11% increase in net return as a result of this agreement.
“This past week marks a milestone for Mexus in terms of ounces produced at the Santa Elena mine. I am focused on stepping up production and recoveries going forward with the previous weeks results being the new base of production at the Santa Elena mine.” added CEO Paul Thompson.
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CABORCA, Mexico, June 27th, 2021 – Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that the company has sold gold dore as a result of recent production at its Santa Elena mine located in Caborca, MX. The sales netted the company $24,000. In addition, the company is in the process of shipping activated carbon to the U.S. for processing. It is believed that this material contains up to 75oz. Au. Mexus is also adding liner to the existing heap leach pad which will allow for increased production. Material currently being mined continues to test in the 5.66gpt Au range.
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CABORCA, Mexico, July 11th, 2021 – Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that the company will be shipping approximately one ton of activated carbon to the U.S. for processing this week. It is believed that this material contains up to 4000 grams Au equivalent.
“The first shipment of carbon for processing is a huge milestone for Mexus with the resulting cash flow allowing us to step up production. The heap leach pad returns continue to be excellent and volume should improve as we expand the pad footprint.” added Mexus CEO Paul Thompson.
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CABORCA, Mexico, July 25th, 2021 – Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that mining continues of the Vein 2 area at its mine located in Caborca, MX with impressing geologic findings including increasing metallic content at only 10 meters of depth. Surface values are from 0.3 g/ t gold and new values ranging from 4 to 12 g/t gold and increased silver from 3 g/t to 100 g/t silver. The quartz vein material is crackled partly from blasting but more than 75% due to a coincident and very potent low angle thrust fault which also contains values with 1.4 g/t gold and 5 g/t silver.
Mining is currently being developed at the quartz vein with 1 to 1.5 meter with some wider pocket zones. Mexus has found 10 g/t gold zones randomly with notable oxide coloring due to former sulphides. Thrust fault shear mineral is being worked around it and only high grade quartz vein is loaded and hauled. Currently, the company is able to load 600 tons per day which can be hauled to the crushing area and conveyed to the heap leach pad. Carbon absorption is proving very efficient and the best processing option. Pregnant solution treated is ranging from 0.3 to 1.7 ppm gold. One ton of loaded carbon is en route to Chicago for processing for final sale which will allow Mexus to increase production on a weekly basis.
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CABORCA, Mexico, August 15th, 2021 – Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) confirmed that the first shipment of activated carbon from its Santa Elena mining operation has been shipped to Sipi Metals Corp. The contract calls for Sipi to process and sell gold and silver at 97% spot price within 45 days. The second shipment of activated carbon is expected to ship 8/18/21. Mexus President, Paul Thompson, confirmed that the activated carbon recovery system now in place is working as planned and should provide a steady flow of income for the company.
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CABORCA, Mexico, August 22nd, 2021 – Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) confirmed that the activated carbon system at its Santa Elena mine located in Caborca, MX is working as planned and is currently producing gold. Mexus is enlarging the heap leach pad and has purchased the liner and seaming equipment to complete the job. Increasing the pad will allow Mexus to run 24 hours a day 7 days a week at 12 liters per second representing a 110% increase over current flows.
For the last few months Mexus has had ongoing discussions with multiple mining companies interested in developing the Santa Elena’s estimated 1.5 million oz. gold potential resource. The same companies are also interested in Mexus’ Mabel property with drill results showing 40,000 oz gold initially and the Ures property with gold and a potential copper porphyry. The company is currently under two non-disclosure agreements and looks to make a deal should the right offer be submitted. Mexus will continue to produce gold and expand its geographical models to add value to the Santa Elena project.
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